BorgWarner Inc. (NYSE:BWA) had its price objective raised by equities researchers at BMO Capital Markets from $60.00 to $65.00 in a research note issued to investors on Monday, October 30th. The brokerage presently has an “outperform” rating on the auto parts company’s stock. BMO Capital Markets’ price objective points to a potential upside of 24.83% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. ValuEngine cut shares of BorgWarner from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of BorgWarner from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, August 29th. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 price objective on shares of BorgWarner in a research note on Tuesday, July 4th. Deutsche Bank AG cut shares of BorgWarner from a “buy” rating to a “hold” rating and set a $55.00 price objective on the stock. in a research note on Thursday, October 12th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price target on shares of BorgWarner in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. BorgWarner currently has a consensus rating of “Hold” and an average target price of $47.72.
Shares of BorgWarner (NYSE:BWA) opened at $52.07 on Monday. The firm has a market cap of $10,970.00, a P/E ratio of 14.19, a PEG ratio of 1.51 and a beta of 1.75. The company has a current ratio of 1.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53. BorgWarner has a 12-month low of $33.81 and a 12-month high of $53.84.
BorgWarner (NYSE:BWA) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. BorgWarner had a net margin of 3.09% and a return on equity of 21.48%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. research analysts expect that BorgWarner will post 3.82 earnings per share for the current fiscal year.
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In other BorgWarner news, EVP Tonit M. Calaway sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $44.99, for a total value of $134,970.00. Following the completion of the sale, the executive vice president now owns 34,120 shares of the company’s stock, valued at $1,535,058.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BWA. CIBC Asset Management Inc lifted its stake in BorgWarner by 0.3% in the second quarter. CIBC Asset Management Inc now owns 19,211 shares of the auto parts company’s stock valued at $814,000 after buying an additional 61 shares during the last quarter. Hanson & Doremus Investment Management raised its stake in shares of BorgWarner by 0.9% during the second quarter. Hanson & Doremus Investment Management now owns 8,895 shares of the auto parts company’s stock valued at $377,000 after purchasing an additional 75 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of BorgWarner by 1.3% during the second quarter. Contravisory Investment Management Inc. now owns 6,356 shares of the auto parts company’s stock valued at $269,000 after purchasing an additional 79 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of BorgWarner by 1.7% during the second quarter. Cutter & CO Brokerage Inc. now owns 5,270 shares of the auto parts company’s stock valued at $223,000 after purchasing an additional 90 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of BorgWarner by 1.2% during the second quarter. MML Investors Services LLC now owns 7,407 shares of the auto parts company’s stock valued at $314,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.
BorgWarner Inc is engaged in providing technology solutions for combustion, hybrid and electric vehicles. The Company’s segments include Engine and Drivetrain. The Engine segment’s products include turbochargers, timing devices and chains, emissions systems and thermal systems. The Engine segment develops and manufactures products for gasoline and diesel engines, and alternative powertrains.
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